One thing I like about Lemmy is that over on the Other Place, some eejit would have by now appeared in the comments section to say “but it’s not real money, he can’t actually spend it”. As though the fact that the amounts involved are so massive that they’d literally break the whole market to exercise them, is anything other than an absolute abomination and very much the reason why we shouldn’t tolerate it.
Even when people say that, it’s patently false:
https://fortune.com/2025/07/28/jeff-bezos-amazon-stock-sale-philanthroy-wedding/
Every 3 months there’s a new headline of Bezos selling stock worth billions, and the market doesn’t bat an eye
It’s refreshing. Detractors would call it an echo-chamber, but all I see is people who aren’t deluded, simply acknowledging the obvious truth of this insanity.
They call an echo chamber any place free of nazi bullshit interrupting all civil conversations
The thing that bothers me about the “echo chamber” argument is that most of what I’m witnessing on social media isn’t opposing worldviews, it’s moronic bullshit getting clicks for being controversial. “Both sides” has been abused too often by bad actors to drag the Overton Window over to where we’re expected to listen to clearly bad faith garbage that shouldn’t have ever be able to leave someone’s kitchen.
I have a coworker who said “I’m a Regan Republican, I always believed trickle down economics” just last year…
I said “man how many more fucking decades of it not working do you need before you realize it’s bullshit??”
He was just like “hmmm, yeah I guess…”
Some people just put 0 thought into a stance they acquired at some point in the past…
Wow, income growth for the bottom 80% just stopped in the 1970s. what a weird coincidence!
so more nixon republican then
Reagan was the 80s.
Neoliberalism began with Carter though
https://www.thenation.com/article/politics/jimmy-carters-ruinous-neoliberal-legacy/
Trickle down works, you just have to remember that those with the money are like piñatas. You have to hit them very hard woth a stick and the economics will fall out of them.
Hitting them with a stick? Don’t have one of those.
The best I can do is a guillotine.
While that’s not traditional for a piñata, I’ll allow it.
Trickle-down? You mean Vacuum-Up economics?
It definitely sucks.
In 1967, one Union job was enough to support a family of four with a house, a car, and money to send the kids to college. At that time, $1 million was considered a vast fortune. GOP Richard Nixon was elected in 1968.
By 1993, ‘middle class’ meant two incomes to support a family. $1 million was what a rich guy paid for a party.
The US had five terms of GOP Presidents and one term of Dem in those years.
Other countries didn’t have Nixon and the same happened so It must be something more than that.
Or, US economic influence is considerably greater than you considered.
Can you list a few countries where the same also happened? Thanks.
Canada, Australia, most of the EU (some were never able to support a family with a single income to begin with, so those don’t count), UK (they had Tacher tho so I will say they had a “Nixon”)
Gee, you mean that the country with the greatest economic influence has influence???
Global affordability issues are a direct effect of the US.
Wow, who knew he’d get richer after using an illegitimate department of the government created specifically for him to destroy the investigations into his companies and remove competing contracts for his business?
And all he had to do was cook some voting books to get Trump elected in order to be given this power.
And somehow being a Nazi was only a small bump in the road…
We need to reject that propagandised name, and start calling it by its original name- horse and sparrow economics. As is the horse eats the seeds, and the sparrows pick through its shit for the undigested bits.
It’s trickle-up economics. They’re bleeding us dry with their greed.
It is trickle down though. They get to drink all the liquid they want and piss all over us.
LIQUIDATE MUSK
(Financially, in Minecraft)
My boss is a big Musk/Tesla fan, so he and I shoot the shit about these things often. I asked him about Musk’s supposed trillion dollar pay package, and…man, I’d hoped he’d agree that’s too much money, but sure enough he found a way to justify it. No amount is too much apparently
He’s imagining that one day it’ll be him. Or maybe he literally just can’t understand the concept of a trillion dollars, which to be fair is quite difficult to do.
edit: I just had a little wiki search, and there are only 19 countries in the world with a trillion dollar GDP. He’ll be making 4 New Zealands, or 10 Croatias, or 50 Jamaicas, or just under a thousand Samoas. Most of it from bullshitting investors.
I can barely afford my bills, and this massive turd piece of shit is getting a trillion dollar pay packet. Fuck this shit so fucking hard.
Oh. It is not BS. It is working exactly as intended.
They just tell people it’ll do something different than what it actually intends to do.
Imagine the things we could do if we took all that wealth and shared it among the working class.
Give the poorest 250 million people in the USA 2000 dollars each. Elon definitely acquired all that money through his intelligence and hard work, so he’ll have no problems replacing it.
But that would be communism, and communism killed millions, so we have to have fascism, which also killed millions, bit this time pikie promise it won’t, it’ll just remove certain ideologies from society.
And millions of people.
500 billion. We’re almost at trillionaires, while billionaires have existed for barely 100 years?
“Person’s worth” is such a disturbing concept. Specially if it has units.
Trickle down works just fine, it’s just that elon musk is so far beneath everyone else
We are literally repeating the last century. 1918 was a big pandemic. 1929 was the crash of the economy. Brace yourselves.
Don’t forget about WW1 and WW2 :)
And the crash this time will be due to AI datacenter shenanigans - billions being promised in new infrastructure to build massive money drains because AI is not and will not be profitable. Nvidia is laughing
